Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Vietnam - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Vietnam (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Vietnam
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Vietnam (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $1,577 per ton, almost unchanged from the previous year. Overall, the import price, however, saw a mild curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 49%. The import price peaked at $2,496 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,262 per ton), while the price for China ($1,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Vietnam
In 2022, approx. 289 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were imported into Vietnam; picking up by 15% on the previous year's figure. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 324% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $456K in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 530% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.9 | 227 | 361 | 411 | 145.1% |
| China | 15.8 | 53.8 | 18.8 | 34.2 | 29.4% |
| South Korea | 0.8 | 23.1 | 2.9 | 1.9 | 33.4% |
| Others | 7.2 | 21.3 | 8.3 | 9.4 | 9.3% |
| Total | 51.7 | 326 | 391 | 456 | 106.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Vietnam in 2022:
- India (258.4 tons)
- China (25.8 tons)
- South Korea (0.8 tons)
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